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An internal employee stole close to $15M from Bridgestone over 4 years and through investments, made and additional $6M. Did they get to keep it and the way the internal fraudster was caught after they left the company. And what question should you ask of your vendor process?

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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor data. Check out the Vendor Process Training Center for 173+ hours of weekly live and on-demand training for the Vendor team.

Links mentioned in the podcast + other helpful resources:

Department of Justice Press Release: Former Bridgestone Americas Assistant Treasurer Pleads Guilty to Nearly $15 Million Wire Fraud Scheme

WKRN News Article: Ex-Bridgestone employee defrauded company of $21M

Customized Vendor Validations Session: https://debrarrichardson.com/vendor-validation-session

Free Download: Vendor Validation Reference List with Resource Links

Vendor Process Training Center - https://training.debrarrichardson.com

Customized Fraud Training: https://training.debrarrichardson.com/customized-fraud-training

Free Live and On-Demand Webinars: https://training.debrarrichardson.com/webinars

Vendor Master File Clean-Up: https://training.debrarrichardson.com/cleanup

YouTube Channel: https://www.youtube.com/c/DebraRRichardsonLLC

More Podcasts/Blogs/Webinars https://training.debrarrichardson.com

More ideas? Email me at debra@debrarrichardson.com

Music Credit: www.purple-planet.com